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tv   After the Bell  FOX Business  October 1, 2014 4:00pm-5:01pm EDT

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as we saw oil drop again. [closing bell ringing] gold was basically flat as liz was saying before. the flight to safety went to treasurys today. liz: here come the bells, david. a very jittery day on wall street as we look to see how stocks finished up. look at dow jones industrials getting clipped by 233 points or so. now it is 238. these numbers are still settling at the moment, jumping up and down off the bottom. but we do have the s&p losing one 1/3%. that is good for 26 points. the russell at 1085, it is two points below a very level. that level indicated had we stayed above it that we weren't in correction mode. but we are. 1087, anything below that russell in correction. let's get to it. "after the bell" starts right now. david: very busy day. we've got to get right to it. we have global trend investment
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tom lieden. he will tell us why he likes high-yield bond in this market and best ways to play them. michael muse yo, fbb capital partners. who has a gameplan navigating all the rough waters. nicole petallides, still with us from the floor of the nyse. todd horowitz from the cme. it is wednesday you're on. we usually have an up day. not today. was this all ebola? good numbers from manufacturing, meaning that the fed might start raising rates sooner? what was it? >> hi, david, hi liz. i want "the twilight zone" music first because it es wednesday. i don't think ebola had to do with the market selloff today. david: hold on a second. let me emphasize that, todd. you say ebola had moving to do in this downturn. >> in my opinion that had nothing to do with selloff. this pure profit-taking. came down to the level of s&p of 1960 there was a huge bid to buy
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at 1960 when we could not hold 1960, sellers came in and taking profit. i don't look at this hong kong, ebola. the market has to take profit. as liz said earlier we made new high after new high. 13 wednesdays i've been on, this is the first time market hasn't been higher. there will be profit-taking. real key what will happen going from here. do the dip buyers come in and buy or is the real start after correction? if you look at russell this is start after correction. third time at 10% correction this year. liz: let's bring in michael. were you a buyer today or did you flee the markets? we stress it wasn't a 5% correction here. we saw stocks pull back one-to-one 1/2%. not the worst thing in the world. >> yeah, no, it isn't. in fact with the broader market, the fifth time today in the last year that the markets kind of hit that 100 day moving average. each of the five times previously it hit that, there has been buyers that stepped in. we weren't sellers today. we weren't necessarily buying
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hand over fist either but our clients are generally fully invested at all types. we think the market will continue to grind higher here and so we've been adding names that we think have strong balance sheets, strong income statements and a good business model. and we think that is the best mitt gant to this day-to-day, week to week volatility in the market. david: we're lucky to have tom in studio today. great to see you. but i've got to say, whether ebola, profit-taking, the fed, whatever it was, today was an awful day for people long in this market and i would say a very you have a if you day for people long on high-yield bond. why in this environment would you be recommending high yield corporate bond? that's a really, risky bet in this environment, is it not? >> well, david, we've had two-week correction. really nasty correction in high-yield bond. part of that what was going on with pimco and bill gross. there is a lot of fallout.
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there is a lot of illiquidity in the bond market. nothing better than curse correction in the bond market than a nasty correction in the stock market. david: there is safety going on, we were talking, not necessarily going to gold but going to treasurys. this is the last thing you want to go to if there is flight to safety. >> couple of things. maybe emotional reaction today what was going on in hong kong. fence jumping at white house and also debowl la. to some degree i think that is the case. but on the bond market side with all the money going out and also all the money coming out of the stock mark it has to go somewhere. it will not go into money market fund. liz: let me interrupt. if i am watching right now, i am, but i hope viewers are listening where, tom, do i buy? we put names up where you suggest are the real opportunities specifically what you're talk about, and that is high yield. >> best thing to do buy after you already had a selloff. liz, there are two of the top high yield etfs, i-share, hyg,
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and barclays spdr, jnk. both have had $2 billion come out of their etfs in the past six months. but now both are right at their 200 day average, right at their major trendlines, for those that pulled money out of stocks and bonds i don't think the threat of rising interest rates will really effect these between now and end of the year. i think you can still get 4 1/2 to 5 1/2% yield. david: nicole is still with us. let me exactly what moved this market? we were down profit get-go. we had futures down before the markets opened. >> yeah. david: it began to really slide around mid-morning. what was it? was it news on ebola? was it news on manufacturing which actually was good leading to concerns about what the fed might do or news about hong kong? what was it? >> i'll tell you a couple of things. the manufacturing number came in, first of all eurozone manufacturing showed stagnation. david: that was bad. >> someplaces contraction.
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that's terrible, right? if you want to see growth there, not slowing growth or contraction. then we had -- it was good but didn't meet the expectations. that also came off of higher numbers from prior months. so that too was a little bit of weakness with that. then you had the ebola story hitting the airlines which took doesn't transportation index. and last but not least the technicals. 1260 was everybody was watching on s&p. we didn't hold it. got to go a leg down. traders here still say that the market is a buy. they still think that this last quarter, midterm elections, 86% of the time, since yeare 1928 this is winning time on wall street. they're waiting for opportunity to get in there. they still think this market is a buy, most people i talk to. just a little bit of a pull back. they think the run-up we had recently wasn't merited. liz: she meant 1960 on s&p. reason why she is thinking 12, russell, mr. horowitz, todd, is
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looking pretty squishy here. we're in correction territory at this moment, below 107. now at 1085. go lower here? >> i think we go lower. i think you might see a rally. a lot will happen what draghi says tomorrow and jobs number. i would not be surprised to see any bounce. i'm looking for sellable bounces. i think we violated major levels. dead-cat bounce would be acceptable and place to sell but i think we go much lower. i think 1940 in s&p and 1900 in the russell. i think we go all the way back to a thousand. david: michael, question whether oil is going to go much lower. very close going into the 80s right now. >> sure. david: what do you think about oil in general and why are you recommending an oil stock? >> so it's where it's going to trade in the next three months i don't know. the trend is lower, which is fine. what we're looking at peeling back layers of onion of all the
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macro stuff and trying to find good corporate balance sheets and statements we can buy for our investors and our clients and ride out some of the volatility. so cabot oil and gas is an energy company. it is trading closer to the 52-week low than it is the 52-week high. they have got good assets, they have got strong wells with strong production. they're raising the dividend. they're returning cash to shareholders and they're growing revenue double digits. everybody is talking about a revenue rom for five plus years and a company growing revenue double digits, natural gas play. we'll buy here. we'll wait. if it goes lower we'll buy some more. we're looking for longer term. liz: we have to go, yes or no, tom, does the market move higher off the floor? >> i think it does. things that matter are the numbers like auto numbers you talked about earlier. we're getting back to earnings reports if they continue to beat like last quarter we'll be a buyer. david: tom is a player. some people hedge. he doesn't. >> tom lied done.
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michael muse yo. nicole petallides. todd you will be with us when s&p futures close in about seven minutes. david: thank you, folks. now that the first case of ebola has been diagnosed in the u.s. are we really ready to act if one case turns into something more? do we have the resources to stop an epidemic? we'll ask a former secretary of health and human services coming up right here. liz: there may be hope for a cure for ebola. a new link genetics received fda approval to test its ebola drug. the stock soaring on the news. new link genetics jumping 7%. we have the ceo next. david: this is part of the news. hong kong's pro-democracy protest will be top of agenda between secretary of state john kerry john kerry and his chinese counterpart within this hour. we're not sure how precisely when. you know how the meetings at white house tend to happen when they're not supposed to happen.
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we're on it though. will the obama administration put human rights before trade? liz: we want your opinion. it is forefront of a lot of your thoughts. could we have ebola outbreak here in the u.s.? or can we contain it in texas can with this one patient? send us a message, facebook.com/afterthebell. we'll give you answers coming up. ♪ ♪ mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back. yes, sir! ♪ more shipping! more shipping! ♪ [ beeping ] ♪
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david: we have some breaking news. you heard it here first by the way. charlie gasparino was reporting these numbers. now is confirmed by pimco. all the money flowing out of their firm as a result of bill gross leaving on friday. a specific number that they have now confirmed.
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$23.5 billion left in september. that is all of september. but of course, most of it was concentrated on friday, on that one day. 23.5 billion. they say the largest outflow took place on friday, the day bill gross quit or whether he was about to be fired we still don't know all details there. they say the outflows over next two days, monday and tuesday were considerably smaller. so again, pimco confirming what you heard here first on fox business. liz: david, we've been talking so much about which areas of investment like the airlines have been getting hit by ebola scare. hotel stocks falling into the red on concerns over ebola arriving in the u.s. david: let's go back to nicole petallides on floor of new york stock exchange with details on that one. nicole? >> dave, liz, this goes into concerns about what is now an epidemic, whether it could be become a pandemic, right? ebola for the most part has been in africa, right? now you have your first confirmed case right here in
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america in dallas. we saw airlines tumbling. look at hotel stocks. the chief investment strategist over at janney noting exactly this. saying that the concerns about how it spreads is, places that people are in and out. as i noted earlier, places that have a lot of people in them. places like disney and seaworld and such. movie theaters. where does it start and where does it end? the airlines were evident. saw this as well as hotel stocks saw the selloff. david: good stuff. nicole, thank you very much. liz? >> the cdc has confirmed the first u.s. ebola cases being treated at a dallas hospital. you knew that. we told you that right here yesterday. that's why you have to be with us. we'll inform you the second we know things but the world health organization says up to 1.4 million people in west africa could be infected with ebola by january. they might get on planes like this guy did? there is currently no cure for the disease. will the u.s. experience a
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full-blown outbreak? how could doctors here treat patients? newlink genetics was recently approved by the fda to conduct clinical trials of its ebola vaccine on humans. we have newlink genetics chairman and ceo, dr. charles link. doctor, we're grateful to people like you. we had chris geir beadian of is a rent at that, they're working on therapy. how is your therapy work, and how close you are being able to deliver it? >> hi, liz, thank you for having us on. liz: sure. >> i want to remind people newlink genetics is canner oncology company. in concert with canadian government to develop an ebola vaccine. the thing about vaccines is that it take as quite a long time normally to bring a vaccine into clinical trials to test it for
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safety and confirm its efficacy before used on a broad scale. there has been a tremendous acceleration of these events given the humanitarian catastrophe that is happening right now and because of that, we've been working very closely in concert with multiple elements within the u.s. government. liz: sure. >> center for disease control. national institute of allergy and infectious disease, canadian public health agency of canada. and the u.s. department of defense through an organization called the defense threat reduction agencies, that arrange to launch the first trials in the patients will be treated early this month at the walter reed army medical center and shortly thereafter, first human studies at national institute of allergy and infectious disease. liz: you're ahead, say for example, sarepta showed 80% efficacy of monkeys with its therapy which is amazing.
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they didn't get as far. their funding dried up. you're getting help from the department of defense. talk about that fay one. once it starts in human patients when will it be available, let's say worst-case scenario? say this guy managed to spread it to people here in the united states and domino effect begins. how quickly could your therapy get out there? >> yes. so, first of all, i think that within the united states patients it appears are only able to spread ebola at significant risk when they have symptoms. and so the center for disease control is on the ground isolating all the patients that have had contact with the patient once he had symptoms. liz: yeah. >> and i think that the public health agencies here in the united states are really focused on that right now. we've had discussions and updates with all the involved parties even today. liz: i'm hearing you don't actually have a date of when? go ahead. >> so the first thing human studies which were just
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launching in phase one, fades one trial you need to figure out what is an effective dose of the vaccine to induce immunity against the ebola virus? and is it a safe dose? can you have a safety profile that allows you then to use vaccine in hundreds or thousands or even more people? so, these first trials being conducted at national institutes of health and the walter reed army medical center as well as several clinical trial sites in switzerland, in germany and africa, that have been organized by the world health organization, all of those trials are basically launching simultaneously. we believe we're just a few days away to week or two away from first patients treated here with the vaccine. liz: okay. >> it will take approximately two to three months to complete those studies. and there will be decisions made by some of the top experts in the world that we have organized to work on this project from all of these various government organizations to decide when we
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believe we have an effective doze identified, a safe dose identified. i shouldn't say effective, really i'm talking about safe and inducing immunity. liz: got it. >> that would go into larger-scale trials in probably thousands of people likely in areas where people are infected by the virus. liz: godspeed, doctor. thank you to your company and we wish you the best of luck. please do keep us posted. we would appreciate it. >> thank you. thank you very much, liz. liz: dr. charles link. david, the stock was up pretty exponentially today. david: it was indeed. we're staying on this story next as the government's response to the first confirmed ebola patient on american soil too slow? we'll ask former health and human services secretary mike leavitt right here. also was it just ebola in hong kong that sank the markets or were we overbought and too optimistic about growth? we'll ask a fund manager whose fund is up 15%, three times the
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s&p. he knows a thing or two about this. danica patrick rode into our studios in godaddy pink breast cancer awareness car. yes they have one. danica talks about the new campaign and what it takes to compete in a male dominated sport. ♪
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>> what a way to start a quarter. first of the month for the markets hit the lowest level since august. liz: is it global turmoil? there is whole laundry list here. is it fears of a slowdown? is it technicals? what should you do? mike holland, holland and chair. thank you for coming on with us.
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what is your best advice for viewers. >> don't do something. stand there. liz: meaning don't panic but don't sell but buy as well? into this is the way things used to be before 2008, liz, when the fed wasn't doing quantitative easing, which is about to end. we have had so little volatility last five or six years. this is the easiest bull market in my life. lack of volatility. seven straight quarters up with s&p with very little in terms of downside. when the fed gets out of qe game which they're doing, this starting two weeks ago. this didn't start today. we had return to normal volatility. i don't think the bull market is over. i think there will be times when it feels like it is. david: mike, talk micro about today in particular? what do you think drove the market down in particular?
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>> david, you can go to the headlines because the market will, will go to, we can talk about ebola. we can start there. look at airline stocks. they are great indication of market reaction, ready, shoot, aim. ready, shoot, aim, means sell the stocks, even though if you step back to say what does the cdc, centers for disease control say about transmission with ebola. the guy with the airlines happened to be on a plane. you know all the details. david: mike, in light of that, i get your point, maybe tomorrow is a day to buy up some airlines, right? >> you would expect, exactly, david. expect people who trade stocks look at this, wait a second, we'll get facts in front of us, you could easily see a pop. liz: so you might not see the pop but you might be smarter ahead of the herd if you go in it where there was a selloff. epspin forward to friday.
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we're expecting jobs report for month of september. when you look at how we've strung so many quarters, quarter after quarter, a couple of years now, of decent, at least moves up off the bottom, does that mean that people take good news for bad news. the fed will accelerate push to tighten interest rates? >> those who care about facts will not do that, liz because the fed has been steadfast. they're one of the few people, few groups in washington who actually do what they say. liz: true. >> they said it will be the middle of 2015. i don't see any way given the economic numbers, coming out of the different parts of the world over the last day, starting with germany and then japan and, inflation, remains actually a problem to the downside, for central banks. liz: why tighten? >> so, yeah, exactly. i think it is just the opposite. i think, you know the fed, one place you actually can have confidence they're going to do what they say. david: but what happens, mike, if in fact what is going on
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overseas in europe, in china and japan, drag us down with it? >> i think, david, you probably will not get the dragging down. i was in hong kong last week, listening to our companies who are main mainland china, what they're doing. they have had a slowings, i think slowing continues. i'm sorry, not continues, but, we're stable in china, for example, at this lower level. and in fact, i think europe is the same way. i think germany is at lower level but they're not declining. i think we'll get decent growth, very small but decent growth coming out of inflation because we've had some. liz: mike told you at start of the year to buy intel. that was a great call, mike. thank you so much. david: mike holland, chairman of the board of holland and company. good to talk to you, mike. liz: regardless we do need to talk about the protests in hong kong weighing on schooling of the markets. tens of thousands of
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pro-democracy protesters flooding streets of territory on china's national day. david: china faces growing pressure from the u.s. to show restraint much. secretary of state john kerry sitting down with chinese's foreign minister in washington, d.c. rich edson live at the white house with details. rich, has it started yet? >> david, liz, there was round number one this afternoon. the state department added yet another round between secretary of state john kerry and foreign minister of china. part of the discussions were protests in hong kong. generally speaking state department officials say that the u.s. said resolving human rights issues in china would help make that country stronger. the u.s. has been somewhat reluctant to directly criticize china, at least overtly on this secretary of state john kerry cautiously commented on the protests in hong kong. >> as china knows, we support universal sufferage in hong kong. accordingly the basic law. and we belief in an open society
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with the highest possible degree of autonomy and governed by rule of law is essential for hong kong's stability and prosperity. and we have high hopes that the hong kong authorities will exercise restraint and respect the protesters right to express their views peacefully. >> this ahead of president obama's voice to it china next year. the chinese for their part have been saying about this, basically anything that goes on within china is china's business and nobody else. but this has tens of thousands of continue to protest in hong kong. there are signs of a potential escalation. this is student protesters say, that they want top government official in hong kong to resign. if that doesn't happen they say, they're going to begin occupying government buildings there. the chinese, according to reports out of there say basically this could possibly take weeks. they're not sure how long it could take. the economy, at least economic losses because of the shutdown of many parts of the city could
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take, or have cost billions of dollars according to some reports that came out of the region. the meetings continue in d.c., just about hour 1/2 from now. round two with secretary of state, chinese foreign minister. david: tomorrow is d-day. tomorrow there are a lot of deadlines coming up in hong kong. could be quite a day tomorrow. liz: rich, get ready. we'll need you again. thanks so much. david: health officials in dallas searching for people who might have been in contact with the first confirmed u.s. ebola patient but, has the government had the right response so far? we're going to be asking a former health and human services secretary right here coming next. liz: gm ceo mary barra wants to drive the automaker to new who are eyes rise sons after recall crisis. we asked -- new horizons. we'll ask whether the took is buy, hold, sell?
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over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing. ♪ my name is karen and i have diabetic nerve pain. it's progressive pain. first that feeling of numbness. then hot pins. almost like lightning bolts, hot strikes into my feet. so my doctor prescribed lyrica. the pain has been reduced and i feel better than i did before. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda-approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or, swelling, trouble breathing, rash, hives, blisters, changes in eyesight, including blurry vision, muscle pain with fever,
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but when you've got an entire company who knows that the fewest cancellations and the most on-time flights are nothing if we can't get your things there, too. it's no wonder more people choose delta than any other airline. david: it was big day for auto industry with mary barra laying out ambitious growth plans for the next self years. gm, automakers reporting strong sales numbers for september. liz: will deman for new cars overall con 10 to rise? which auto names take the lead? could it be gm or maybe another name? joining us s&p capital iq senior equity analyst. okay, so the news came out. nissan looked pretty good.
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ford coming out with a warning. that isn't so great. which shines more brightly for you right now? >> we don't differentiate between our opinions of strong buys. we have five stars amongst themselves. two automakers i have strong buy on. one is general motors. the other is toyota motors. both are doing well. gm had sales increases benefiting from the strength in trucks. david: give specific numbers here. strong bay buy but way over. gm stock ended32 bucks and change. you have price target of $46. that is pretty ambitious, does it not? >> the stock is trading only seven-times our forecast for 2015 which is $4.58. so it is not that expensive, if they hit those targets. and that does give you upside of about 46%, plus a dividend
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yield. so we think that general motors is attractive. liz: general motors is attractive. let me get your opinion on the other one you really like. that is toyota. obviously putting its problems in the rear view mirror from couple years back. it had a recall situation. toyota's lexus division looking very strong in luxury. is that enough to hold up toyota are other shining spites you feel is strong one? >> toyota is pretty strong across the board. not every vehicle will go up all the time. most are rising in the right direction. lexus, camry. looks lake that will be number one. again as best-selling car. number one in emerging markets and china. it is number one in terms of volume. think that stays for a while. david: talk about china, particularly relation to gm. there are questions, we don't know how the things with
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protests in hong kong turn out, regardless of that there are signs of a slowdown. can gm do well even if china lags? >> yes, there is an opportunity to grow in china. easiest way to do it when rising tide lifts all boats. they have leading market share. david: i'm sorry, let me be specific here. if china does not grow, if china shows down, can gm still do as well as you think it will do? >> that's exactly what i'm getting to. david: okay. >> in a flat or stable market they have an opportunity for growing in the luxury market and cadillac brand. china will be the the biggest ly market in the world. this is where you have the highest margins. general motors has opportunity to grow with china. besides cadillac they have opportunity to grow market share
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in flat market that can help them. bringing in suvs and chinese like and opportunity to benefit. liz: you really like toyota and general motors at moment. please come back. >> sure. david: thanks a lot. liz: nascar star danica patrick a big believer in pink power when it comes to her race car. coming up, there she is. she is outside of fox studios today. will tell us why pink is the new black at least for month of october. david: with new questions being asked how the way a dallas hospital handled first ebola patient on u.s. soil, former health and human services mike leavitt will grade the government's response so far and tell us what it should do coming next. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time,
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introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. 12450 the bottom line here is that i have no doubt that we will control this importation or this case of ebola so that it does not spread widely in this country. david: well let's hope. that was cdc director dr. tom frieden confirming that ebola has arrived here and trying to assure a worried public that we are ready to keep it from spreading but clearly the market showed today that the nation has doubts. so what should we be concerned about? we turn now to the former secretary of health and human services, also the former governor of utah, mike leavitt. governor, good to see you. thankthank you for coming on, i
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appreciate it. we've been asking our audience by the way if they there is a chance we could have an outbreak here. what do you think? >> well, pandemics happen. they happen every 30 or 40 years. they have happened through history. they're simply a biologic fact and we have to constantly be aware of that. this particular pandemic virus is obviously spreading across africa and frankly there is no reason to believe it wouldn't come to the united states at some point. now what he said about this case of ebola i'm confident he is right. they will be able to contain it, this one this dallas but the bigger worry is, it is unlikely to be the only case we will see. david: now, doctor, the doctors head of the cdc, dr. frieden was kind of reassuring yesterday saying you don't have to worry, can't spread unless the symptoms are obvious but there is a dr. fisher, dr. william fisher who spent a lot of time this sumner africa at an ebola
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isolation center. he sent a series of emails. he was right on the scene. dealt literally with hundreds of patients himself. here is what he said about the symptoms. hemorraghic complications occur only 50 to 60% of the time and many of them are mild. it is different than what the movies have projected. so dr. fisher's point is, and one of the carry things about ebola, not necessarily as easy to spot when you're contagious as we are led to believe. >> well, and these viruses mutate over time. they work at becoming more efficient and more virulent. i think one of the concerns always is that the virus will change and continue to be able to become more efficient. there is really three-part strategy always used. the first strategy is to try to smother it. that has not succeeded. obviously it is spreading around
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africa, and from time to time finding its way into another country. the second strategy is to contain it. that's where we are today. obviously that's what they're doing in dallas. the most important strategy is to have a vaccine and, if you go back eight years ago, our country was essentially unprepared for that. we've spent billions of dollars in the last eight years. and i'm confident that cdc and others right now, are working very hard to be prepared if we have to go to plan c, a vaccine. david: let me talk about the your second point, containing it because some people were shocked to hear yesterday in fact not all of the people on the flight that came from africa when this patient have been followed. have been notified. they said pause the fact that he wasn't showing symptoms when he got on the plane. that kind of worries people that maybe it is not being contained as it should be. some people go so far to say we should stop flights from countries like guinea where this
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thing is really in an outbreak form. what do you think? >> well, each year, and i think on continual basis at hhs, they actually game these out. they actually practice what they should do when this occurs. and part of the protocol when you determine that there is in fact an airplane that has sick patients on it, that you will find a way to at least momentarily keep them where they are, until you can check them out. i'm a bit surprised they haven't been able to track them even though they feel confident it is not going to spread. david: yeah. i was surprised as well. i got to ask you, finally, we are in the midst of changing over our health care system. whole new health care law affecting 1/6 of our economist. real new regime. does the new system make us better or worse off in terms of preparedness for something like this. >> well of course the affordable care act was not designed
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specifically to prepare for this but having health care available to more people is an important piece. the more important thing to look at is the preparation of local communities as to whether or not they are prepared. the dilemma is that preparation has to be local. there is no way that the federal government can prepare everywhere. the reality is that the federal government only has resources that are in local posts. -- governments. when there is need to move them from up with place to the other, when the federal government they're basically moving local resources around. every community has to be prepared and frankly every business and every church and every other part of society ought to be thinking about how will they respond in a situation this occurs because ultimately it will. the hard thing about a pandemic anything you say in advance of a pandemic seems alarmist. but anything you've done before happens is inadequate. preparation is really the key
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here. david: right. we can mobilize as a nation. we've done it before, both business community and public community as well. mike leavitt, thank you very much for coming in. appreciate it. >> thank you. david: thank you very much, former health and human services secretary and governor of utah. we asked you on social media if you thought this could turn into epidemic. greg on facebook said, isn't are it already starting? you can join us in the conversation. send us a message on facebook and twitter. more of your answers coming up. liz? liz: david, you know the name, danica patrick, highest endorsement and trendsetter ratings of any nascar driver. look at the success of her godaddy come mesh as. he is using the star power for a very different cause. she will tell us why it is all about pink next. vincent and nancy, they are robots that can speak 19 languages and they can dance. they could bring their talents to a library near you to share their intelligence.
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details when we take you off the desk. stay tuned. >> hi, everybody, i'm will gerri willis. coming up at top of the hour, my show with ebola and how we look for a cure. those are many so big consumer stories coming up on "the willis report" in just a few minutes. ♪ t and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years.
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david: nascar's danica patrick and godaddy are raising awareness for breast cancer. it is the third consecutive october danica will race a pink chevrolet in honor of breast cancer awareness month. liz: cheryl casone was lucky one to meet danica patrick outside of fox where she debuted the pinks godaddy car. >> pink and green. there is the car. imagine the thing on the racetrack. they will race the car three times this month. dan can, personally been touched by breast cancer. her best friend, 25 years old, diagnosed with the gene. took extreme measures. particularly important the third year. it was a big day for dan can, for a different reason. listen to this. >> so let's start with, you got on instagram today. congratulations. >> thank you very much. well, you know, with a sponsor like godaddy that is obviously
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websites and technology and internet, i think i better get with the times. >> how important is social media to you? obviously nascar fans are rabid fans but how important is social media? >> it all started started with a website. it really did. my first indy 500 the website crashed because there was so much traffic getting to it. then we went with godaddy and that never happened again. >> she has a million followers on twitter a little more than the rest of us here. she of course is on facebook. just got on instagram, first picture with paul ryan, congressman paul ryan. that was the first picture, believe it or into the. this is so interesting about danica. she is a brand. she own as business and she herself a brand. she has several sponsors, godaddy being main sponsor. they have been together eight years or some i asked her about women and business especially women and sports. we know that's a big topic right now. i asked her what she foresees women in business in the future? here is what she told me. >> more and more all the time
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you're seeing women in powerful positions and being comfortable to be in that position you know? i think that culture has evolved to allow that, embrace that, celebrate that. and, there are tons of small business owners that are women. >> and as you can see from the video, she and i are definitely a little bit different when it comes to the height department. she is tiny. she is tiny. man, i tell you, i would never mess around with her on a racetrack. liz: big force in business. she pick ad good partner with godaddy. maybe years ago they were small. they will go public. they are a quality, equal business that cares about small business. >> they definitely care about small business. they will be shifting their super bowl advertising more so this year. they're getting away from the kind of -- david: didn't like the interview? this what i didn't like? two beautiful women. there was no guy to appreciate the two beautiful women into writing that check to you david
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asman once the segment ends. david: cheryl cast a thanks very much. >> get to robots that speak different languages and dance and do tai chi? they will be soon available for the general public. we'll give you details when we go "off the desk." david: you might not remember your night if you drink too much out at a bar but a study suggested heavy beer drinking, gets this, improves your memory over the lodge term. nat, there's hope. ncrease returs so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today.
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liz: time to go off the desk. autonomous humanoid robot developed by a french robotics firm can not only recognize your face and detect where sound is coming from but can communicate in 19 different languages. pretty cool, right? next month you can interact with two of the bots at westport library in connecticut. they will help teach coding and programing. the robotics firm sold about 6,000 robots, mostly to museums
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and schools. kids love it. david: cool stuff. losing your memory? beer may be your answer. researcher at oregon state university, compound in hops, main ingredient in beer, improved cognitive function in group of mice. the company said the compound may be useful to for memories. researchers said huge quantities of compound ranked they would have drink 3500 pints of beer a day to see any effect. >> 3500 points, okay. if we asked you on -- pints. we asked you on facebook and twitter could we have ebola outbreak on u.s.? herb said if they arrived on our shores statistically certain others have as well. not everybody will point to a hospital. david: good point. steve wrote on facebook. i think we can contain this one, one person in texas but the obama administration need to do something asap.
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number one thing to watch tomorrow will be weekly jobless claims. economies expects number of americans filing for first time unemployment benefits rising 17,000 to. >> we'll have the number on fox business. "willis report" is next. gerri: hello, everybody, i'm gerri willis. stocks selling off big-time today. the dow down 238 points at the end of a volatile session. coming up a little later in the show, we'll talk about 401(k) strategies you can employ to put your mind at ease with expert scott martin. also today on the show, ebola now in the u.s. are airports and hospitals doing enough to keep us safe? >> also protests in hong kong reaching a breaking point where a major deadline set for noon eastern time tomorrow. we'll have the latest. what it means for your money. ridiculousness of common core reaching new heights. why some older students willing forced to take nine-hour exams. "the willis report

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